The future of rowing in Hawke’s Bay has been assured with the establishment of a dedicated fund with Hawke’s Bay Foundation.
A $25,000 donation from an anonymous donor has kick-started the fund, which has been bolstered by a further $13,000 in annual donations from other individuals, giving a total of $38,000 in annual contributions.
Coaching co-ordinator, Jock Mackintosh, says establishing the fund with Hawke’s Bay Foundation adds credibility and makes good financial sense.
“We got a fantastic kick-start from our cornerstone donor and all investors are likely to feel more comfortable if the fund is managed by a local community foundation, as compared to the rowing trust,” says Jock.
“Hawke’s Bay Foundation also takes care of the administration and investment of the fund,” adds Jock. “This is a big responsibility, especially as the fund builds up.”
Established 144 years ago, Hawke’s Bay Rowing is one of the largest clubs in New Zealand, and is renowned for producing world-class rowers who have enjoyed success on the international stage. Mackintosh hopes the new fun with help the club establish better engagement with local schools and breed future generations of rowers.
“Rowing is an expensive sport, so the funds will help ensure the long-term sustainability of rowing in Hawke’s Bay. Income from our Fund will be used to provide financial support for those that have difficulty funding their involvement, as well as providing assistance for the club to fund large purchases such as boats and equipment,” he says.
“As the Fund grows, so will our ability to support and grow the rowing community in our region.”